Role Overview

Accountant career guide

An Accountant is a financial professional who analyses transactions and delivers accurate reporting to guide strategic commercial decisions.

What does an Accountant do?

Accountants prepare statutory tax returns, manage month-end reporting and provide commercial analysis to help organisations maintain financial control.

In public practice or commercial teams, you oversee core balance sheet reconciliations and month-end close routines. Collaborating with business leaders, you translate complex financial records into practical management reports. Across hybrid and office settings, your focus centres on refining reporting workflows while guiding teams on regulatory compliance.

49%

Process improvement and automation feature in 49% of Accountant job listings, showing that employers prize modern system skills alongside core technical expertise.

Tasks and duties

Here are the core day-to-day tasks and responsibilities an Accountant manages:

  • Process improvement and automation
  • Audit preparation and liaison
  • BAS preparation and lodgement
  • Monthly management reporting
  • Month-end close activities
  • Financial statement preparation
  • Balance sheet reconciliations
  • Budgeting and forecasting
  • Payroll processing and reconciliation
  • Income tax return preparation
  • Mentoring junior staff
  • Bank reconciliations
  • Fixed asset register maintenance
  • Accounts payable processing
  • Fringe Benefits Tax (FBT) return preparation

Based on real Accountant job listings posted on Employment Hero over the past three months, filtered to the tasks, skills and requirements most consistently and genuinely relevant to the role.

How to become an Accountant

Academic
University degree and professional accreditation

Graduating with a Bachelor of Commerce or Business provides the technical groundwork in taxation and financial reporting. Enrolling in a CPA or CA postgraduate program gives you the recognised qualification most employers look for.

Experience-based
The typical path through operational finance roles

Entering finance as an Accounts Assistant or Accounts Officer builds hands-on familiarity with ledgers and reconciliations. Transitioning into an Assistant Accountant or Bookkeeper role allows you to take ownership of month-end tasks while finishing your studies.

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Skills and experience

From sharp variance analysis to advanced financial modelling, with most mid-level roles expecting two to five years of experience, the skills and experience Accountants bring to the role most consistently are:

  • Attention to detail
  • Public practice experience
  • Stakeholder management
  • Not-for-profit sector experience
  • Small to medium enterprise (SME) and family group accounting
  • Knowledge of Australian accounting standards
  • Variance analysis
  • Commercial awareness
  • Agribusiness sector experience
  • Financial modelling
  • Division 7A knowledge
  • Capital Gains Tax (CGT) knowledge
  • Fringe Benefits Tax (FBT) knowledge
  • Enterprise Resource Planning (ERP) implementation experience
  • Hospitality industry experience

Tools and software

Accountants rely on a mix of cloud accounting platforms, spreadsheet software and specialist compliance tools:

Required

Microsoft Excel (Advanced) Xero Xero Practice Manager (XPM) Microsoft Power BI Microsoft Dynamics 365 (D365) BGL CAS360 FYI Docs Dext Class (SMSF software) Hubdoc

Preferred

ERP Systems (SAP/Oracle/JD Edwards) Karbon
56%

Microsoft Excel (Advanced) appears in 56% of Accountant job listings as an essential requirement.

Career progression

Accounts Officer → Assistant Accountant → Accountant → Financial Controller → Chief Financial Officer

Professional credentials like the CPA or CA designation open up senior reporting and commercial advisory roles. Developing deep expertise in Australian accounting standards and business automation accelerates your readiness for management. Once you master commercial strategy and team leadership, transitioning into executive positions becomes an achievable target.

Future-proofing and AI impact

What’s protected

These are the responsibilities that keep Accountants irreplaceable:

  • Advising business owners on complex tax structures and Division 7A compliance
  • Turning complicated financial data into clear updates for senior leaders
  • Working with stakeholders during annual audit reviews
  • Mentoring junior team members and building high-performing finance functions
What’s shifting

The tasks Accountants are increasingly being supported by technology on:

  • Extracting invoice data and processing routine accounts payable
  • Automating rule-based bank and general ledger reconciliations
  • Generating standard monthly compliance schedules and draft tax forms
  • Collating transactional data for periodic financial statement drafts

Common myths about this role

Myth

Accountants spend all day manually entering data and crunching numbers.

Reality

Modern software automates routine processing, allowing Accountants to focus on strategic analysis, commercial advisory and business partnering.

Myth

You need a purely mathematical background to succeed as an Accountant.

Reality

While numeracy matters, practical commercial understanding, clear communication and critical problem-solving are just as vital for career growth.

Myth

Automation and artificial intelligence will soon make Accountants obsolete.

Reality

Technology handles repetitive processing, increasing demand for human interpretation, strategic advisory and complex compliance oversight.

The honest take

Is this role right for you?

What to really expect from a career as an Accountant.

Work-life balance

Around 38% of Accountant roles offer hybrid or remote working arrangements. Peak periods like month-end close or tax year-end demand extra focus, but flexible options remain common.

Job satisfaction

You will find satisfaction in solving intricate financial puzzles, uncovering operational efficiencies and providing clarity that helps executive leaders steer commercial decisions with complete confidence.

Career progression

Starting as an Accounts Officer or Assistant Accountant, stepping into an Accountant role builds the strategic foundation to advance towards Financial Controller and Chief Financial Officer positions.

Job security

Businesses always need their books done properly and their tax obligations met, so demand for qualified Accountants holds up across industries regardless of broader economic cycles.

Pay / salary

Salaries scale with professional credentials like CA or CPA status. While entry wages reflect foundational duties, proven commercial expertise commands higher earnings above the $95,000 mark.

Variety of work

You can choose between public practice accounting and corporate finance teams. Each environment offers distinct challenges, from advising private clients to steering large enterprise budgets.

Employment Hero Job Data

These figures are drawn from real Accountant job listings posted on Employment Hero over the past three months, reflecting what employers are actually asking for right now, not a survey or self-reported estimate. Figures reflect the percentage of those listings that explicitly mention each criterion, last updated October 2026.

For Employers

Hiring an Accountant?

Get back to growing your business, not sifting through CVs. No switching tools. Just faster, smarter, AI-powered hiring, fully integrated with your HR system.

Salary and related roles

Accountant salary range
$77k–$114k
Entry
$62,000
Mid
$92,000
Senior
$114,000
Auditor Bookkeeper Financial Analyst Payroll Manager